Looking for a chance to go long, 2.8900 last.
First up, the estimates going in from FX Empire:
....According to NGI [Natural Gas Intelligence], “A Bloomberg survey of 11 analysts produced estimates from 182 Bcf to 170 Bcf, with a median withdrawal of 180 Bcf. Reuters polled 20 analysts, whose estimates ranged from withdrawals of 188 Bcf to 150 Bcf, with a median decrease of 181 Bcf. NGI pegged the draw at 180 Bcf.”....
And the report from the Energy Information Administration:
...Working gas in storage was 2,518 Bcf as of Friday, February 5, 2021, according to EIA estimates. This represents a net decrease of 171 Bcf from the previous week. Stocks were 9 Bcf less than last year at this time and 152 Bcf above the five-year average of 2,366 Bcf. At 2,518 Bcf, total working gas is within the five-year historical range....
Finally, the price action from the CME:
